Gunter and Gonzales Condominiums

Key facts from Gunter and Gonzales Condominiums's documents

Community type

Condominium

Legal name

Gunter and Gonzales Condominiums

Developer / declarant

722G, LLC, a Texas limited liability company (Preamble)

Governing law

Texas Uniform Condominium Act (TUCA) – Texas Property Code Chapter 82 (Recitals)

Assessments & dues

Board estimates net charges 60 days before each calendar year and assesses each owner in proportion to number of units owned to total units; payable in equal monthly installments (Section 4.05)

Special assessments

Allowed for additional amounts needed if Regular Assessments inadequate; collected in same manner as Regular Assessments (Section 4.06)

Collections & liens

Association has lien on each Unit for assessments; may enforce via non-judicial foreclosure per Texas Property Code 51.002; power of sale granted (Section 4.04)

Fences

Owners may erect fence on dividing line; must agree on style (current neighborhood style considered reasonable); costs shared if on dividing line; otherwise erecting owner pays and gets preferable side (Section 2.03(c))

Maintenance

Owner (part of Dwelling) (Section 5.02(a) includes roof)

Insurance

Each Unit Owner must maintain individual property insurance for full insurable replacement value of Unit (Section 6.01(a))

Voting & meetings

Per Unit, equal number of votes; if a unit has multiple owners, that unit gets votes equal to the number of owners and all units get that same number (Section 3.03)

Amendments

Meeting of Unit Owners; approval by at least 67% of ownership interests; written instrument acknowledged by Managing Member; recorded in Travis County; cannot alter or destroy Unit without consent of affected Owner and first lien mortgagee (Section 8.01)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.